reAlpha Tech’s (AIRE) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of reAlpha Tech (NASDAQ:AIRE) in a research note released on Monday,Benzinga reports. HC Wainwright currently has a $2.00 target price on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of reAlpha Tech in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, reAlpha Tech presently has a consensus rating of “Hold” and a consensus target price of $1.63.

reAlpha Tech Price Performance

Shares of NASDAQ AIRE opened at $0.30 on Monday. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.01. reAlpha Tech has a twelve month low of $0.14 and a twelve month high of $1.86. The stock has a 50 day moving average of $0.41 and a two-hundred day moving average of $0.52. The stock has a market cap of $39.25 million, a P/E ratio of -1.43 and a beta of -3.56.

Hedge Funds Weigh In On reAlpha Tech

A number of hedge funds and other institutional investors have recently bought and sold shares of AIRE. Virtu Financial LLC increased its stake in reAlpha Tech by 56.1% in the 4th quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after buying an additional 64,039 shares during the period. State Street Corp boosted its holdings in shares of reAlpha Tech by 49.9% in the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock valued at $101,000 after acquiring an additional 80,800 shares in the last quarter. Scientech Research LLC acquired a new position in shares of reAlpha Tech during the third quarter worth about $87,000. Finally, Geode Capital Management LLC raised its holdings in reAlpha Tech by 120.4% during the fourth quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after purchasing an additional 514,306 shares in the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.